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Brookfield Office Properties to Commence Construction of 2.4-Million-Square-Foot Office Development in Downtown Calgary

Cenovus Energy Leases One Million Square Feet to Be Anchor Tenant of 'Brookfield Place Calgary' CALGARY, AB--(Marketwired - Jul 24, 2013) - Brookfield Office Properties Inc. (NYSE: BPO) (TSX: BPO) today announced that it will commence construction of a 2.4-million-square-foot office development project in downtown Calgary to be named 'Brookfield Place Calgary.' Cenovus Energy Inc. (NYSE: CVE) (TSX: CVE), a leading Canadian oil company, has agreed to lease one million square feet of the [Read more]

US crude oil supplies drop by 2.8 million barrels

NEW YORK (AP) -- The nation's crude oil supplies shrank last week, the government said Wednesday. Crude supplies declined by 2.8 million barrels, or 0.8 percent, to 364.2 million barrels, which is 4.2 percent below year-ago levels, the Energy Department's Energy Information Administration said in its weekly report. Analysts expected a decrease of 2.6 million barrels for the week ended July 19, according to Platts, the energy information arm of McGraw-Hill Cos. Gasoline supplies dropped [Read more]

Gas well in the Gulf continues to burn

NEW ORLEANS (AP) -- An out-of-control natural gas well off the Louisiana coast continued to burn Wednesday after it caught fire following a blowout that prompted the evacuation of 44 workers, authorities said. Meanwhile, officials stressed that Tuesday's blowout wouldn't be close to as damaging as the 2010 BP oil spill, in which an oil rig, the Deepwater Horizon, exploded off the Louisiana coast, killing 11 workers and eventually spewing millions of gallons of oil into the Gulf of [Read more]

Suncor: Boris Jackman retires; Kris Smith promoted to EVP, Refining and Marketing

CALGARY, ALBERTA--(Marketwired - July 24, 2013) - Suncor Energy Inc. today announced that after 20 years with the company, Boris Jackman is retiring on September 30, 2013. Kris Smith will be promoted to executive vice-president, Refining and Marketing. Before joining Petro-Canada, Jackman served as an executive vice-president of First Brands Canada Corporation, and spent 14 years at Union Carbide Canada Ltd. in various management and technical positions. He joined Petro-Canada in 1993 as [Read more]

Lawsuit filed in U.S. court over Quebec rail disaster first of many, says lawyer

  MONTREAL - Victims of the Quebec railway disaster have launched further legal action against companies linked to the derailment that obliterated their town — and one lawyer insists the multimillion-dollar cascade has only begun.The family of a Lac-Megantic man killed in the fiery crash filed a wrongful-death lawsuit Monday in a U.S. court against rail and petroleum firms connected to the oil-filled tankers that slammed into the town.Their lawyer, Peter Flowers, told The Canadian Press [Read more]

B.C. chief says LNG participation will help band acquire traditional land

  VANCOUVER - The chief councillor of a First Nation on British Columbia's North Coast says participating in three liquefied natural gas projects will help his band buy back its traditional territory and improve the lives of its members.The Haisla First Nation is located near the community of Kitimat, B.C., and at the head of Douglas Channel, a strategic site for tankers that will move LNG to Asia and the United States.It is currently involved directly or indirectly in three LNG [Read more]

LNG BOOM! Report says 135,000 jobs open for LNG in B.C.

  VICTORIA - British Columbia will soon need over 75,000 skilled workers for the liquefied natural gas industry and another 60,000 to help with the construction of plants and pipelines. The figures are contained in a report by the B.C. Natural Gas Workforce Strategy Committee, which was set up last year to help in understanding the needs of the industry. Committee chairman Geoff Stevens says the report gives government and the industry an overview of the help in future decision [Read more]

Barrick Gold to sell Barrick Energy for $455M as it looks to focus its business

  TORONTO - Barrick Gold Corp. (TSX:ABX) said Tuesday it has signed a deal to sell its subsidiary, Barrick Energy, in a series of deals worth a total of $455 million. The deals include the sale of assets to Venturion Oil Ltd. for $59 million and an agreement with Whitecap Resources Inc. (TSX:WCP) for another group of assets for $174 million. Canadian Natural Resources Ltd. (TSX:CNQ) has also agreed to pay $173 million a gross overriding royalty on certain lands valued at about $50 [Read more]

47 rescued from Gulf rig after natural gas blowout

NEW ORLEANS (AP) -- Natural gas flowed uncontrolled from a well off the Louisiana coast on Tuesday after a blowout that forced the evacuation of 47 workers aboard a drilling rig, authorities said. No injuries or fires were reported. The federal Bureau of Safety and Environmental Enforcement said inspectors flying over the site Tuesday saw a light sheen covering an area about a half-mile by 50 feet. However, it was dissipating quickly. The bureau says the blowout happened south of Grand [Read more]

Study finds little environmental enforcement in oilsands incidents

  EDMONTON - A study of thousands of environmental problems in Alberta's oilsands has found that fewer than one per cent have drawn any enforcement action. Independent researchers Peter Lee and Kevin Timoney have assembled a database of more than 9,000 environmental incidents since 1996. The incidents vary from unplanned releases into the Athabasca River and the discovery of unregistered waste sites, to excessive smokestack emissions The study concludes the province's records on [Read more]